Amtek said to expand asset sale to include all overseas unitsMon, 25, Jul 2016
Amtek Auto, the cash-strapped Indian parts maker that supplies Ford and Aston Martin, has expanded its planned asset sale to include additional overseas businesses as it looks to reduce leverage, people familiar with the matter told Bloomberg.
GM re-evaluates India investment, new car platform on holdSun, 24, Jul 2016
GM, amid slumping sales and a crackdown on diesel vehicles in India, is re-evaluating its planned $1 billion investment in the country and has put on hold moves to introduce a new car platform as part of a broad reassessment in strategy.
GM, Isuzu end pickup truck tie-up in Asia; GM eyes more upscale marketFri, 22, Jul 2016
GM and Isuzu have agreed to stop working together on developing midsize pickup trucks made in Asia, as the U.S. automaker focuses on the higher end of the market while the Japanese firm sticks to selling vehicles for everyday commercial purposes.
Volkswagen to halt sales of most vehicles in S. Korea amid emissions probeFri, 22, Jul 2016
Volkswagen will suspend sales of most of its vehicle models in South Korea from July 25, as pressure builds on the automaker over its falsified emissions tests. The decision comes ahead of a pending environment ministry review on whether to revoke the certification of 32 cars made by the group, which would lead to a sales ban of the affected models in the country.
Hyundai dealers in China seek up to $135 million in compensationWed, 20, Jul 2016
A group of Hyundai dealers in China is seeking 800 million-900 million yuan ($120 million-135 million) in compensation from the South Korean automaker, saying Hyundai has cut the flow of models it exports to them, resulting in dealership losses and closures.
China lifts stake caps on foreign motorcycle, battery manufacturersWed, 20, Jul 2016
China’s central government said it’ll exempt foreign makers of motorcycles and batteries from ownership limits in their manufacturing operations, revising a key industrial policy just as rulemakers consider similar measures for car companies.
China bans highway testing of autonomous cars pending regulationTue, 19, Jul 2016
China's auto-industry regulator warned automakers not to test self-driving vehicles on highways before it formulates rules governing the testing of autonomous cars.
Uber logs 2 billion rides 6 months after hitting first billionMon, 18, Jul 2016
Uber has completed more than 2 billion trips on its app, a milestone that arrives just weeks after the ride service added another $4.7 billion to its war chest.
Brexit hits yen, causes headaches for HondaSat, 16, Jul 2016
At the beginning of the year, Honda's plan to fire up its export engine seemed smart because of a weak yen. But after the U.K.'s vote to leave the EU, maybe not. The Brexit vote sparked a realignment of world currencies. The yen rose and is now causing headaches for Japanese exporters.
Nissan's ProPilot keeps driver as co-pilotMon, 18, Jul 2016
Nissan unveiled a new technology that allows for hands-free highway driving as its next step toward self-driving cars but cautioned that automakers must be proactive in warning about safety following the recent crash of a self-driving Tesla.
Japan's aluminum fabricators beef up U.S. output, betting on rising auto useFri, 15, Jul 2016
Japanese aluminum products makers such as UACJ and Kobe Steel are boosting output capacity in the U.S. in a bid to snare market share as automakers turn to the lighter metal to meet stricter environmental rules.
Tesla in talks for store in Korea’s biggest mallFri, 15, Jul 2016
Tesla Motors is in talks to open its first store in what will be South Korea’s biggest mall, according to the shopping complex’s owner Shinsegae Group.